Meridian Enhanced Equity A
- MRAEX
- Price as of: Jan 14, 2021
-
$15.82
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- Meridian
- Share Class
MRAEX - Snapshot
Vitals
- YTD Return -0.8%
- 3 Yr Annualized Return 21.6%
- 5 Yr Annualized Return 20.5%
- Net Assets $60.3 M
- Holdings in Top 10 38.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.64%
SALES FEES
- Front Load 5.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 140.00%
TRADING FEES
- Max Redemption Fee 2.00%
Min Investment
- Standard (Taxable) $2,500
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
MRAEX - Profile
Distributions
- YTD Total Return -0.8%
- 3 Yr Annualized Total Return 19.2%
- 5 Yr Annualized Total Return 19.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.50%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMeridian Enhanced Equity Fund®
-
Fund Family NameMeridian
-
Inception DateNov 15, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerClay Freeman
Fund Description
The fund will invest at least 80% of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. It may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies.
MRAEX - Performance
Return Ranking - Trailing
Period | MRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -3.7% | 25.7% | 68.29% |
1 Yr | 25.7% | -9.0% | 145.0% | 77.60% |
3 Yr | 21.6%* | -6.6% | 51.8% | 42.98% |
5 Yr | 20.5%* | -6.8% | 39.6% | 21.87% |
10 Yr | 14.7%* | 6.9% | 23.9% | 64.38% |
* Annualized
Return Ranking - Calendar
Period | MRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 10.6% | -67.0% | 145.0% | 90.68% |
2019 | 2.4% | -28.8% | 76.0% | 97.28% |
2018 | -11.5% | -64.5% | 19.1% | 48.63% |
2017 | 26.0% | -68.7% | 64.3% | 14.77% |
2016 | 10.2% | -56.6% | 15.3% | 3.10% |
Total Return Ranking - Trailing
Period | MRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -3.4% | 25.7% | 68.29% |
1 Yr | 18.5% | -9.0% | 145.0% | 90.90% |
3 Yr | 19.2%* | -8.4% | 51.8% | 59.27% |
5 Yr | 19.1%* | -7.9% | 39.6% | 36.56% |
10 Yr | 14.0%* | 6.9% | 23.9% | 72.62% |
* Annualized
Total Return Ranking - Calendar
Period | MRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 10.6% | -67.0% | 145.0% | 90.68% |
2019 | 2.4% | -28.8% | 76.0% | 97.28% |
2018 | -11.5% | -64.5% | 29.5% | 67.14% |
2017 | 27.4% | -24.8% | 64.3% | 42.35% |
2016 | 10.7% | -56.6% | 17.1% | 4.23% |
NAV & Total Return History
MRAEX - Holdings
Concentration Analysis
MRAEX | Category Low | Category High | MRAEX % Rank | |
---|---|---|---|---|
Net Assets | 60.3 M | 10.3 K | 256 B | 89.76% |
Number of Holdings | 108 | 1 | 2373 | 24.28% |
Net Assets in Top 10 | 17.3 M | 378 K | 89.8 B | 92.13% |
Weighting of Top 10 | 38.66% | 10.8% | 100.0% | 75.41% |
Top 10 Holdings
- Snap Inc Class A 9.43%
- Pinterest Inc 5.88%
- Chewy Inc 5.44%
- Option on Synaptic Pharmaceutical Corp 5.10%
- Option on Synaptic Pharmaceutical Corp 5.10%
- Option on Synaptic Pharmaceutical Corp 5.10%
- Option on Synaptic Pharmaceutical Corp 5.10%
- Option on Synaptic Pharmaceutical Corp 5.10%
- Option on Synaptic Pharmaceutical Corp 5.10%
- Option on Synaptic Pharmaceutical Corp 5.10%
Asset Allocation
Weighting | Return Low | Return High | MRAEX % Rank | |
---|---|---|---|---|
Stocks | 97.64% | 51.75% | 112.08% | 73.96% |
Cash | 2.37% | -12.08% | 48.25% | 23.46% |
Preferred Stocks | 0.00% | 0.00% | 1.88% | 68.52% |
Other | 0.00% | -5.20% | 20.00% | 69.93% |
Convertible Bonds | 0.00% | 0.00% | 7.90% | 66.37% |
Bonds | 0.00% | -0.73% | 20.94% | 67.60% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MRAEX % Rank | |
---|---|---|---|---|
Technology | 22.54% | 0.00% | 88.51% | 88.64% |
Communication Services | 17.97% | 0.00% | 68.14% | 16.56% |
Financial Services | 17.69% | 0.00% | 39.75% | 5.27% |
Consumer Cyclical | 16.58% | 0.00% | 41.42% | 45.14% |
Consumer Defense | 6.93% | 0.00% | 19.49% | 11.58% |
Industrials | 6.86% | 0.00% | 29.82% | 36.82% |
Healthcare | 3.51% | 0.00% | 61.09% | 98.07% |
Real Estate | 2.39% | 0.00% | 22.68% | 25.91% |
Energy | 2.35% | 0.00% | 7.96% | 5.27% |
Basic Materials | 1.66% | 0.00% | 19.40% | 40.53% |
Utilities | 1.52% | 0.00% | 11.81% | 12.99% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MRAEX % Rank | |
---|---|---|---|---|
US | 95.50% | 39.12% | 106.92% | 39.72% |
Non US | 2.14% | 0.00% | 41.45% | 68.30% |
MRAEX - Expenses
Operational Fees
MRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.64% | 0.01% | 23.28% | 19.53% |
Management Fee | 0.85% | 0.00% | 1.50% | 91.63% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.74% |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
MRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.25% | 8.50% | 29.53% |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
MRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.50% | 5.00% | 26.15% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 140.00% | 0.00% | 358.00% | 92.86% |
MRAEX - Distributions
Dividend Yield Analysis
MRAEX | Category Low | Category High | MRAEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.95% | 67.52% |
Dividend Distribution Analysis
MRAEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
MRAEX | Category Low | Category High | MRAEX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.50% | -56.00% | 1.99% | 79.28% |
Capital Gain Distribution Analysis
MRAEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
MRAEX - Fund Manager Analysis
Managers
Clay Freeman
Start Date
Tenure
Tenure Rank
Sep 03, 2019
1.33
1.3%
Employed by the ArrowMark Colorado Holdings, LLC as an investment research analyst since 2008. Mr. Freeman focused on larger capitalization stocks within the communications industry as an equity research analyst at Janus Capital Management LLC from 2004 - 2007. He graduated Phi Beta Kappa from the University of Colorado and also earned an MBA with a Finance concentration from the Daniels College of Business at Denver University.”
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 53.03 | 7.61 | 1.0 |